James Crombie

New York

Senior Editor at Bloomberg News

Host at The Credit Edge by Bloomberg Intelligence

see you at https://t.co/8X6srkhxM0

Articles

High-Yield Bonds Have Outshone Private Debt, Says Dimensional - Bloomberg

6 days ago | bloomberg.com | Olivia Fishlow |James Crombie

When direct lenders pitch private credit to pension funds and insurance firms, many tout its ability to beat public debt returns. But Dimensional Fund Advisors isn’t buying it.
AMERICAS DISTRESS DAILY: Sunnova Eyes Bankruptcy in Coming Weeks

2 weeks ago | news.bloombergtax.com | James Crombie

laying the groundwork for a bankruptcy filing that could happen within the coming weeks. The company is considering filing in Texas as it struggles with debt and reduced demand in the residential solar sector. • Sunnova is under an extended forbearance after missing an interest payment at the beginning of April on its 11.75% senior notes due in 2028.
AMERICAS DISTRESS DAILY: Sunnova Eyes Bankruptcy in Coming Weeks

2 weeks ago | news.bloomberglaw.com | James Crombie

laying the groundwork for a bankruptcy filing that could happen within the coming weeks. The company is considering filing in Texas as it struggles with debt and reduced demand in the residential solar sector. • Sunnova is under an extended forbearance after missing an interest payment at the beginning of April on its 11.75% senior notes due in 2028.
AMERICAS DISTRESS DAILY: Azul Seeks $600m Amid Bankruptcy Filing

2 weeks ago | news.bloombergtax.com | James Crombie

Brazilian airline Azul SA is in with creditors for a roughly $600 million financing that would fund the company through a potential bankruptcy that could come as soon as next week, according to people with knowledge of the matter. • Azul has $52.2 million of interest due this month on corporate bonds. • A weaker Brazilian real has inflated Azul’s expenses — including dollar-denominated lease payments and fuel costs tied to the greenback.
AMERICAS DISTRESS DAILY: Azul Seeks $600m Amid Bankruptcy Filing

2 weeks ago | news.bloomberglaw.com | James Crombie

Brazilian airline Azul SA is in with creditors for a roughly $600 million financing that would fund the company through a potential bankruptcy that could come as soon as next week, according to people with knowledge of the matter. • Azul has $52.2 million of interest due this month on corporate bonds. • A weaker Brazilian real has inflated Azul’s expenses — including dollar-denominated lease payments and fuel costs tied to the greenback.
AMERICAS DISTRESS DAILY: Wolfspeed Plunges on Bankruptcy Report

2 weeks ago | news.bloomberglaw.com | James Crombie

43% in extended trading Tuesday following a report that the chipmaker is preparing to file for bankruptcy within a matter of weeks. Wolfspeed is aiming to hash out a Chapter 11 plan to restructure its debt. • Wolfspeed passed on multiple debt-holder proposals to restructure its debt out of court, the Wall Street Journal . • The company’s bankruptcy filing is expected to occur within a matter of weeks.
Junk Bonds Don't Pay Enough For The Risk, Marty Fridson Says

2 weeks ago | fa-mag.com | James Crombie

This month’s rally crushed corporate debt yields to a level that does not adequately cover the risk, warns junk bond guru Marty Fridson. “High-yield bond valuations are severely out of whack with the yield premium that would fairly compensate” investors, wrote Fridson, whose debt analysis has been studied by Wall Street for decades, in a report Tuesday.
Junk Bonds Don’t Pay Enough for the Risk, Marty Fridson Says

2 weeks ago | bloomberg.com | James Crombie

(Bloomberg) -- This month’s rally crushed corporate debt yields to a level that does not adequately cover the risk, warns junk bond guru Marty Fridson. “High-yield bond valuations are severely out of whack with the yield premium that would fairly compensate” investors, wrote Fridson, whose debt analysis has been studied by Wall Street for decades, in a report Tuesday.
Marty Fridson Says Junk Bonds Don’t Pay Enough for the Risk

2 weeks ago | news.bloomberglaw.com | James Crombie

This month’s rally crushed corporate debt yields to a level that does not adequately cover the risk, warns junk bond guru Marty Fridson. “High-yield bond valuations are severely out of whack with the yield premium that would fairly compensate” investors, wrote Fridson, whose debt analysis has been studied by Wall Street for decades, in a report Tuesday.
AMERICAS DISTRESS DAILY: GoHealth Fell on Going Concern Warning

2 weeks ago | news.bloombergtax.com | James Crombie

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